Deprince Race & Zollo Inc. boosted its position in MidSouth Bancorp Inc. (NYSE:MSL) by 0.8% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 629,917 shares of the company’s stock after buying an additional 5,284 shares during the period. Deprince Race & Zollo Inc. owned 5.54% of MidSouth Bancorp worth $6,551,000 at the end of the most recent quarter.
Other hedge funds have also recently made changes to their positions in the company. Guggenheim Capital LLC bought a new stake in shares of MidSouth Bancorp during the second quarter worth $226,000. C M Bidwell & Associates Ltd. bought a new position in shares of MidSouth Bancorp during the second quarter valued at approximately $171,000. Spark Investment Management LLC bought a new position in shares of MidSouth Bancorp during the second quarter valued at approximately $117,000. JPMorgan Chase & Co. raised its position in shares of MidSouth Bancorp by 88.7% in the second quarter. JPMorgan Chase & Co. now owns 15,320 shares of the company’s stock valued at $154,000 after buying an additional 7,200 shares in the last quarter. Finally, Ancora Advisors LLC raised its position in shares of MidSouth Bancorp by 11.7% in the second quarter. Ancora Advisors LLC now owns 54,716 shares of the company’s stock valued at $549,000 after buying an additional 5,716 shares in the last quarter. Institutional investors and hedge funds own 35.01% of the company’s stock.
MidSouth Bancorp Inc. (NYSE:MSL) traded up 0.88% during trading on Friday, reaching $11.50. The company had a trading volume of 13,941 shares. The company has a market capitalization of $130.66 million, a P/E ratio of 18.88 and a beta of 1.01. The firm’s 50 day moving average is $10.36 and its 200-day moving average is $10.30. MidSouth Bancorp Inc. has a 12 month low of $6.51 and a 12 month high of $11.55.
MidSouth Bancorp (NYSE:MSL) last posted its earnings results on Wednesday, October 26th. The company reported $0.14 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.16 by $0.02. MidSouth Bancorp had a net margin of 8.45% and a return on equity of 4.72%. On average, equities analysts expect that MidSouth Bancorp Inc. will post $0.58 earnings per share for the current year.
The company also recently declared a quarterly dividend, which will be paid on Tuesday, January 3rd. Stockholders of record on Thursday, December 15th will be paid a dividend of $0.09 per share. This represents a $0.36 annualized dividend and a dividend yield of 3.13%. The ex-dividend date of this dividend is Tuesday, December 13th. MidSouth Bancorp’s dividend payout ratio (DPR) is presently 59.02%.
Separately, Zacks Investment Research downgraded shares of MidSouth Bancorp from a “buy” rating to a “hold” rating in a report on Friday, October 7th.
MidSouth Bancorp Company Profile
MidSouth Bancorp, Inc is a financial holding company. The Company operates primarily through its wholly owned bank subsidiary, MidSouth Bank, N.A. The Company is operating principally in the community banking business by providing banking services to commercial and retail customers through the Bank. The Bank is community oriented and focuses primarily on offering commercial and consumer loan and deposit services to individuals and small to middle market businesses in Louisiana, and central and east Texas.
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